Finally, some anonymous soul with a conscience got their mitts on pages of Donald Trump and Marla Maples’ joint personal 1995 tax returns from New York, New Jersey, and Connecticut and sent them to the New York Times last week. They revealed a $916,000 net loss on three mismanaged Atlantic City casinos, the Plaza Hotel in NYC, and his now-defunct airline.
The documents were authenticated by Trump’s now-retired tax accountant, Jack Mitnick. Trump hasn’t disputed their veracity, only that they were released without his authorization.
The Times reported that the loss could have allowed Trump to legally offset paying $50 million a year in taxes over about 18 years.
The operative word here is “legally,” and it’s definitive proof that the tax code is stacked against Joe Taxpayer — and why would Trump fix it? It’s the gift that keeps on giving to him.
Trump’s mouthpieces, Rudy Giuliani and Chris Christie, on Sunday talk shows praised Trump as a “genius” with amazing business acumen who created thousands of jobs.
If that’s true, why didn’t Trump whip out his returns on Day One to show he’s been gaming the tax code for the benefit of all? We’ve just seen one year’s returns. Surely, the rest would reveal Trump’s business savvy and generosity is like nothing ever seen in the history of the planet.
Do you think the downtrodden rubes he claims to represent, whom he thinks have no jobs or education, live in squalor, and can’t walk out the door without getting shot, feel like suckers yet?
They pay dearly so the billionaire they worship can slap his name in big gold letters on things, then rake off profits while running them into a ditch so he can claim a loss and pay no taxes.
Hillary nailed him today, aptly saying Trump is “taking from America with both hands and leaving the rest of us with the bill.”
For nearly two decades, he hasn’t contributed a penny to maintain the infrastructure he now claims is a mess and he’ll fix — roads, schools, law enforcement.
BONUS: New York’s Attorney General just ordered the so-called charitable Trump Foundation to cease and desist fundraising now that we know Trump has been using it as his personal piggy bank. He bought two painting of himself, paid off lawsuits for unrelated for-profit businesses, and used other people’s donations in other flagrant ways. Not to mention he hasn’t made a donation to it himself in years. That would mean he’d be spending his own money, and he doesn’t do that.
It’s heartening to see the news media doing its job and digging up these facts in response to Trump’s refusal to come clean. It’s payback time!
That loud rattling you hear is Trump’s skeletons tumbling out of the closet.